Bitcoin - The Beginning of Cryptocurrency

I first heard about Bitcoin at a former strip club in San Antonio.

The inside was dirty and smelled of liquor and smoke. The carpet was sticky and full of greasy stains. The place was gross. Its best days were long gone.

"Multiply your money with this amazing investment opportunity!"

The sleazy man explained Bitcoin poorly and proposed to help us buy our first coin. He wanted us to send him USD, and he would take care of buying Bitcoin (BTC) on our behalf. As BTC grew in value, he would return our gains to us. We could earn more by introducing new people to the opportunity to invest with him.

Everything reminded me of a perfect pyramid and Ponzi scheme blend.

Luckily, I used to be a financial fraud investigator.

My gut feeling told me to stay away from this so-called opportunity.

I wonder how many other invitees decided to give that man their money. I hope nobody fell for him.

Cryptocurrency and decentralized finance would be much further along if fewer ill-intentioned actors were around, such as the man who introduced me to this confusing yet fascinating world.

That very same night, I did my own research about Bitcoin and decided to invest in 4 BTC. I did it correctly by purchasing my crypto directly via a safe online exchange endorsed by the community.

Then, I moved my BTC to an offline wallet (cold storage), where I possessed my secret key.

Let's just say I have never regretted that investment, which has yielded a 5000% return.

At the time of this writing, BTC has a value of ~$43,800.

Next year, the crypto community expects the SEC to approve regulations allowing institutionalized investment first to offer a product that will make investing in Bitcoin available to the general public.

"SEC" stands for the Securities and Exchange Commission. It is a U.S. government agency responsible for enforcing federal securities laws, proposing securities rules, and regulating the securities industry, which includes the nation's stock and options exchanges.

The SEC's primary goal is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

This decision will likely provoke a bull run in the crypto space. A bull run is a period in which every asset grows, no matter what.

It's a time during which one can make lots of money.

It is also a time that requires vigilance.

If you sell your positions at the right time, you can retain everything and more you initially invested.

I hope you enjoyed the second issue of this exciting new newsletter.

I am planning on hosting a Zoom call soon for beginners to cover the basics of buying their first BTC.

To receive one of the limited spots, pre-register here .